The central government is expecting the Pradhan Mantri mega integrated textile region and apparel (PM Mitra) park in Amravati, Maharashtra to attract investment of Rs 10,000 crore and create employment for 300,000 individuals.
During the launch event of the PM Mitra textile park, Union Commerce Minister Piyush Goyal on Sunday emphasised that the addition of the park would further strengthen the rapid progress of Maharashtra.
Goyal said that given Maharashtra's significant contributions across the entire textile value chain, from Farm to Fiber to Factory to Fashion to Foreign, it is a natural choice for a textile park.
Goyal further highlighted that the well-connected infrastructure of Amravati, including its road, rail, port, and airport networks, will significantly boost the textile industry in Maharashtra.
During the event, a memorandum of understanding (MoU) was signed between the Maharashtra Industrial Development Corporation (MIDC), the state government and the Union Ministry of Textiles for the establishment of PM Mitra park.